TraderJoe is a decentralized trading platform that uses Avalanche network to offer its services. Different types of DeFi solutions like trading, pooling, skating, farming, and lending are available. It’s native token $JOE rewards the holders by giving them a share in the exchange revenue. Its lending protocol works under Banker Joe.
JOE Price Increases after Listing at Binance
Binance announced that TraderJoe’s native token JOE will start trading on its platform. This announcement caused a surge in the price of this platform token. It jumped 20% and reached $2.65 from $2.20. It reached up to $2.67 but after some corrections, it is staying around $2.31. Some time back, JOE was trading under $0.10 but since August it has seen a massive spike in its price. While the crypto market experienced a downward trend, JOE has remained over 20x from the time it started its ascent.
JOE Token Holders Get Several Benefits
This project also has features like lending protocol named Banker Joe that implements many Avalanche features and DeFi COMP or Compound protocol. Holders of JOE token can stake, vote on governance projects and provide liquidity. Binance informed that JOE can be traded in the BTC, BUSD, and USDT pairs.
The winning streak has continued even for Avalanche, the smart contract layer-1 platform. AVAX, its native token has surged more than 59% to reach $127.42 from $79.71. After some corrections, it is currently trading at $108.38. Binance asked investors to understand the crypto market risks and invest only after lots of research and careful considerations.